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Canadian Metals Inc.
Summary
| Project: | Langis | |
|---|---|---|
| Deposit: | Langis | |
| Location: | Canada | |
| Commodities: | Silica | |
| Date: | 10/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-10-2016: Canadian Metals Inc. announces a PEA report for its Langis deposit at the Langis project. Amended PEA results incl. post-tax NPV (8%) of CAN$273.1M, IRR of 18%, 4.2yr payback. The present work is a revised Technical Report on the Preliminary Ec | |
| Resources: | (Resource, Inf.): 9.95Mt @ 98.71% SiO2, 0.38%Al2O3, 0.05% TiO2, 0.12% Fe2O3 | |
| CP/QP: | [Resources]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | The present work is a revised Technical Report on the Preliminary Economic Assessment according to NI 43-101 standards, for the establishment of silica quarrying operation and a recovery operation in the St. Vianney Regional Municipality (MRC) of Matapedia, and in Matane, Québec, respectively. In 2013/14 Canadian Metals, Inc. (CSE: CME) began to characterize the Langis silica deposit with a drilling and testing campaign for the purposes of value-added transformation into silicarelated downstream activities. This was then followed with further characterization activities, including metallurgical testing and environmental investigation to establish the foundation for a downstream silicon-based metals operation based in whole, or part, on the Langis deposit. CME began consideration of a ferrosilicon production facility on the scale of approximately 50,000 tons per annum, and then expanded the scope of the project to include production of metallurgical silicon as a diversification of risks. With the commencement in late 2015 of a Preliminary Economic Assessment (PEA) for a Mineral Reporting under NI 43-101 of the Langis deposit, the downstream value-added operation developed based on an integrated Hybrid Flex Plant concept, in which the recovery processing plant would be based on a flexible design to allow easier transitions between metallurgical silicon and ferrosilicon production. The current assumption is the smelter would commence with the 100% production of ferrosilicon based on the established resources. | |
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